Africa Food Ingredients Market Size

Africa Food Ingredients Market Size

Africa Food Ingredients Market size was over USD 2.30 billion in 2028 and is estimated to grow at over 4.5% CAGR between 2022 and 2028 owing to the rising demand for convenience and ready-to-eat food products.

Moreover, the rapidly developing food & beverage sector across Africa coupled with growing consumption of nutritive convenience & fortified food should support the growth of the market. Furthermore, the rising focus of food manufacturers on developing innovative and healthy food ingredients is likely to stimulate industry growth over the forecast period.

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 Food ingredients are additives used in food and beverages to perform various functions such as improving or maintaining freshness, ensuring safety, and enhancing taste, nutritional value, appearance, and texture. For instance, vitamin A & D, Folic acid, niacin, pyridoxine, and calcium carbonate are added to food products such as bread, breakfast cereals, flour, biscuits, milk, and pasta to maintain their nutritive value and improve the taste.

Improved consumer lifestyles and changing dietary habits have led to growing requirements for low calorie and ready-to-eat food items which have accelerated the need for food ingredients. Busy lifestyle and rising working population have surged the demand for ready-to-eat and convenience food products. Moreover, growing consumer preference for high-quality food products and the significant expansion of the middle class should boost the market growth over the forecast period.